Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Broadridge Acquires Stake in DeepSee, a Utah-Based AI Startup Focusing on Automated Agents for Financial Services.

January 8, 2026

Fintech investments rise, Nitro secures $5 million, and India explores the future of semiconductor technology.

January 8, 2026

The impact of AI on financial trading and investment approaches.

January 8, 2026

The impact of generative AI on the financial sector in 2026

January 8, 2026
Facebook X (Twitter) Instagram
Trending
  • Broadridge Acquires Stake in DeepSee, a Utah-Based AI Startup Focusing on Automated Agents for Financial Services.
  • Fintech investments rise, Nitro secures $5 million, and India explores the future of semiconductor technology.
  • The impact of AI on financial trading and investment approaches.
  • The impact of generative AI on the financial sector in 2026
  • Trends in Emerging Fintech Technologies Emphasize Wealth Management
  • Understanding Fintech: Its Importance and Career Opportunities
  • Financial leaders view 2026 as a pivotal year for AI advancement.
  • Promising Canadian Fintech Startups to Keep an Eye on in 2026
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Fintech Titan or Overhyped Relic?

    January 7, 2026

    PayPal joins other fintech companies benefiting from Trump-era deregulation.

    December 16, 2025

    Zilch, the fintech unicorn, secures payment license from city regulator.

    December 10, 2025

    MobileMoney Fintech Reorganizes; Shareholders Endorse Merger and Waiver at Extraordinary General Meeting

    December 1, 2025

    Axis CRE Fund and Tishman Speyer launch Chennai FinTech City

    November 28, 2025
  • AI

    Broadridge Acquires Stake in DeepSee, a Utah-Based AI Startup Focusing on Automated Agents for Financial Services.

    January 8, 2026

    The impact of AI on financial trading and investment approaches.

    January 8, 2026

    The impact of generative AI on the financial sector in 2026

    January 8, 2026

    Financial leaders view 2026 as a pivotal year for AI advancement.

    January 8, 2026

    The impact of AI on financial trading and investment approaches

    January 7, 2026
  • Acquisitions

    Flutterwave acquires Nigerian Mono in a unique exit for African fintech.

    January 6, 2026

    MergersandAcquisitions.net publishes a comprehensive report on trends and analyses in financial services and fintech mergers and acquisitions.

    December 23, 2025

    Teybridge Capital Europe finalizes strategic purchase of London-based fintech company Atom CTO

    November 18, 2025

    Highlights from Santa Cruz County business: local fintech firm’s recent acquisition; startup showcases a surf helmet on Shark Tank

    November 12, 2025

    Ripple Becomes a Comprehensive Fintech Hub Following Hidden Road Acquisition, Reports TradingView News

    November 11, 2025
  • Trends

    Trends in Emerging Fintech Technologies Emphasize Wealth Management

    January 8, 2026

    GCC Fintech Landscape: Embracing Open Banking, Nurturing Startups, and Investment Patterns

    January 7, 2026

    eLEND Solutions Introduces Fintech Platform to Simplify Financing and Credit for Dealerships – Pete MacInnis

    January 6, 2026

    Saudi Arabian fintech sector projected to grow to $4.8 billion by 2034

    December 22, 2025

    Swiss Fintech Market 2025 – Key Regions and Recent Updates

    December 15, 2025
  • Insights

    Wealthfront aims for a valuation of as much as $2.05 billion in its U.S. IPO, according to CTV News.

    January 7, 2026

    New UNF collaboration seeks to promote fintech innovation – Action News Jax

    December 27, 2025

    Recent fintech software failures spark industry-wide discussion on system resilience.

    December 22, 2025

    MobileMoney Ltd recognizes leading FinTech partners and industry figures at the 2025 FinTech Stakeholder Dinner and Awards.

    December 11, 2025

    MobileMoney Fintech undergoes restructuring as shareholders consent to merger and waiver during EGM

    December 2, 2025
  • Rumors

    Revolut plans to acquire the Turkish bank FUPS to expand into a new market.

    January 7, 2026

    The Impact of Banks and Money Trends: Facts vs. Myths

    January 4, 2026

    Examination of Reality at $0.23 as GCV Excitement is Exposed as False

    December 15, 2025

    This week’s rumors focus on major breweries, robotics, and multi-million dollar auctions.

    November 22, 2025

    Speculations about Ubisoft acquisition following profit announcement delay

    November 18, 2025
  • Startups

    Fintech investments rise, Nitro secures $5 million, and India explores the future of semiconductor technology.

    January 8, 2026

    Promising Canadian Fintech Startups to Keep an Eye on in 2026

    January 7, 2026

    Flutterwave Purchases Nigerian Open Banking Company Mono – A Strategic Step Towards Tokenized Financial Systems – BitKE

    January 6, 2026

    Flutterwave, Africa’s Leading Fintech, Purchases Nigerian Open Banking Startup in $40 Million Agreement

    January 6, 2026

    Unnati, an Agri Fintech startup, is set to purchase Info Edge-supported Gramophone through a share exchange agreement.

    January 6, 2026
  • finjobsly
fintechbits
Home » Musk criticizes the megaprojet of AI supported by Trump
AI in Finance

Musk criticizes the megaprojet of AI supported by Trump

4 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
3f299ad99993a4471f13c1f89d64d35e.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

The Elon Musk technology Titan questioned an AI project of $ 500 billion announced by US President Donald Trump on Wednesday, saying that the investment was actually not there.

These comments are a rare example of a break between the richest man in the world and Trump, Musk playing a key role in the new administration after spending $ 270 million for the electoral campaign.

On his first full day at the White House, Trump announced on Tuesday a major investment to build an infrastructure for artificial intelligence, led by the Japanese giant Softbank and the manufacturer of Chatgpt Openai.

Trump said the company, called Stargate, “will invest at least $ 500 billion in AI infrastructure in the United States.”

But in a message published on its X social media platform, Musk said that the main investors “have no really money.”

“Softbank has secured much less than $ 10 billion. I have that of good authority,” added Musk in a later article.

– ‘Fake’ –

Elon could be particularly targeted on Openai, the main world startup of AI that Musk helped found before leaving in 2018.

The boss of Tesla and the director general of Openai, Sam Altman, who was present at the White House on Tuesday, are mired in a serious quarrel with Musk opening repeated proceedings against the company behind Chatgpt.

“False, as you surely know. Want to come and visit the first site already underway?” Altman responded to Musk on X.

“It’s great for the country. I realize that what is great for the country is not always what is optimal for your businesses, but in your new role, I hope you will give priority (in the country) “He added.

Openai is one of the most valued startups in the world, but loses money due to high costs related to the production of its expensive technology.

According to the Wall Street Journal, the Cloud Oracle giant, also involved, has around $ 11 billion in liquidity and titles. SoftBank has around $ 30 billion in liquidity.

“The American people should believe the words of President Trump and their CEOs. These investments arrive in our big country and American jobs arrive with them,” said Trump spokesperson Karoline Leavitt on Fox News.

The Stargate project is committed to investing an initial amount of $ 100 billion in the project, and up to $ 500 billion over the next four years.

The Public Fund of Abu Dhabi, MGX and Oracle, IA -oriented, also finance the project, while Arm, Microsoft and Nvidia, owned by SoftBank, will be technological partners.

According to companies, the project initially consists of building a data center in Texas, where construction is already underway.

Before its entry into office, Trump unveiled an Emirati investment of $ 20 billion in American data centers this month, as well as a previous promise of SoftBank investment.

– ‘Immediately’ –

Softbank, led by the flamboyant Japanese magnate Masayoshi Son – who announced Stargate on Tuesday with Trump, Altman and the boss of Oracle Larry Ellison – refused to comment.

In its Tuesday declaration, the Japanese investment group said it “would start immediately $ 100 billion” for the project.

The actions of the company increased by around 6 percent Thursday, after winning more than 10 percent Wednesday.

The Technological Information media said SoftBank and Openai foresee each to hire $ 19 billion in Capital in Stargate, Bloomberg News reported.

The two companies would then each hold 40 percent, said the information, citing the comments of Altman to his colleagues.

He added that Oracle and MGX would each bring about $ 7 billion, the rest of the money from limited partners and loan funding.

Her son, 67, founded Softbank in her twenties. He made the first spectacularly successful bets on Yahoo! and Alibaba but also some disastrous investments like in WeWork.

During Trump’s first term, the modest investor promised that Softbank would invest $ 50 billion in the United States and create 50,000 jobs.

Speaking alongside the US president elected at the time in December, his said that he was now going to “double the bet” with $ 100 billion and create jobs per 100,000 Americans.

ARP-KH-STU/BS

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Broadridge Acquires Stake in DeepSee, a Utah-Based AI Startup Focusing on Automated Agents for Financial Services.

January 8, 2026

The impact of AI on financial trading and investment approaches.

January 8, 2026

The impact of generative AI on the financial sector in 2026

January 8, 2026
Leave A Reply Cancel Reply

Latest news

Broadridge Acquires Stake in DeepSee, a Utah-Based AI Startup Focusing on Automated Agents for Financial Services.

January 8, 2026

Fintech investments rise, Nitro secures $5 million, and India explores the future of semiconductor technology.

January 8, 2026

The impact of AI on financial trading and investment approaches.

January 8, 2026
News
  • AI in Finance (1,985)
  • Breaking News (185)
  • Corporate Acquisitions (76)
  • Industry Trends (229)
  • Jobs Market News (327)
  • Market Insights (228)
  • Market Rumors (294)
  • Regulatory Updates (188)
  • Startup News (1,275)
  • Technology Innovations (200)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,985)
  • Breaking News (185)
  • Corporate Acquisitions (76)
  • Industry Trends (229)
  • Jobs Market News (327)
  • Market Insights (228)
  • Market Rumors (294)
  • Regulatory Updates (188)
  • Startup News (1,275)
  • Technology Innovations (200)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2026 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.